| Latest Forum Topics / YuuZoo Networks |
 Post Reply
|
|
Fibretech CEO - Next 3 yrs result will be better
|
|||
|
bigdragon966
Senior |
20-Mar-2019 10:27
|
||
|
x 0
x 0 Alert Admin |
if yuuzoo makes money from share trading, it is still ok, but it seems like it is not making money but taking money from retail sharesholders using ' death spiral financing' mechanism. it is true that they have billions of potential customers - the hawkers in our hawker centers also have 7.5 billion potential customers.
|
||
| Useful To Me Not Useful To Me | |||
|
Starship
Supreme |
20-Mar-2019 10:07
|
||
|
x 0
x 0 Alert Admin |
It' s hilarious that all their Lenders cannot be found on the internet, when even hawker stalls will yield thousands of results when Googled.  |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Superkilat
Elite |
20-Mar-2019 08:26
|
||
|
x 0
x 0 Alert Admin |
When AFG wiling to loan 30 mil, what we sharwholders should have second guess how biz model work? | ||
| Useful To Me Not Useful To Me | |||
|
bigdragon966
Senior |
19-Mar-2019 23:46
|
||
|
x 0
x 0 Alert Admin |
" swiss-based" asia financial group is something like the ' big-4' yuuzoo also talks about, but no one knows who. GEM fund' s (or this AFG) money will never get stuck. GEM sold borrowed shares from tarzan before yuuzoo " issued" them the new shares. So GEM didn' t own any shares.
|
||
| Useful To Me Not Useful To Me | |||
|
Starship
Supreme |
19-Mar-2019 23:34
|
||
|
x 0
x 0 Alert Admin |
This Monkey Business is becoming increasingly comical each passing day......................    
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Superkilat
Elite |
19-Mar-2019 22:33
|
||
|
x 0
x 0 Alert Admin |
O bought yuuzoo at 17.5 cents. I have writen off this as a lose. Hope AFG can help me to get back something. | ||
| Useful To Me Not Useful To Me | |||
|
Starship
Supreme |
19-Mar-2019 22:00
|
||
|
x 0
x 0 Alert Admin |
Can u paste the AFC website link here? Tks.
|
||
| Useful To Me Not Useful To Me | |||
|
Superkilat
Elite |
19-Mar-2019 21:51
|
||
|
x 0
x 0 Alert Admin |
Warau . You dun know AFG ? So big finance group also dun know. Yuuzoo price will zoooooo up when reopen. Huray. | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Starship
Supreme |
19-Mar-2019 21:46
|
||
|
x 0
x 0 Alert Admin |
If u search the internet, You' ll not find anything abt the mysterious " Swiss-based" Asia Financial Group................ The Wild Wild West..................... Suspended YuuZoo says it has secured commitment for a 3-year, S$30m equity facility TUE, MAR 19, 2019 - 2:54 PM YUUZOO Networks Group Corp said that it has secured commitment for a three-year, S$30 million funding facility from &ldquo Swiss-based&rdquo Asia Financial Group (AFG). According to the Tuesday announcement, YuuZoo may draw down up to S$30 million over three years by issuing YuuZoo shares to AFG at a 7.5 per cent discount to the closing price of YuuZoo stock on the drawdown date. The troubled social commerce company did not provide details about AFG, and gave only a brief summary of the terms of the deal in its filing. It is also unclear how, when and if YuuZoo will be able to tap this commitment, given that its stock has been under an exchange-imposed suspension since 2018 and there is still no visibility on when the suspension may be lifted. The agreement will also see YuuZoo issuing 65 million warrants to AFG, each carrying the right to subscribe to one new ordinary share in the company at a 10 per cent premium to the three-day average market price of YuuZoo stock. Should AFG fully exercise the options, YuuZoo will receive an additional S$2.72 million in funds, the statement said. The deal is subject to approval by the Singapore Exchange (SGX) and shareholders. Attempts by BT to contact the company on Tuesday were unsuccessful. The contact person provided by YuuZoo was former Singapore CEO Mohandas, who the company is now describing as a non-executive director. Mr Mohandas, who goes by one name, has told BT that he no longer works for the company, has not accepted any new positions at YuuZoo, and does not represent them. The announcement on the AFG deal was submitted to the Exchange by YuuZoo non-executive chairman Anthony Williams. YuuZoo' s announcement came a day after the company revealed that it had shut down all of its operations in Singapore, including laying off all staff in the country. The Business Times had also discovered that YuuZoo' s landlord at its now-vacated offices in Teletech Park issued a notice to YuuZoo on unpaid rents. The Commercial Affairs Department, which investigates white-collar crimes in Singapore, has been investigating the company based on a 2018 referral by SGX, which raised questions about YuuZoo' s accounts. SGX has said that it will lift the suspension when it is satisfied that the company' s shares can be traded on a fair, orderly and transparent basis. In responding to YuuZoo' s assertions on Monday that the trading suspension led to shuttering of its Singapore operations, SGX has said: " The state of affairs at the company is unclear and the company' s shares therefore remain suspended." https://www.businesstimes.com.sg/companies-markets/suspended-yuuzoo-says-it-has-secured-commitment-for-a-3-year-s30m-equity-facility 
|
||
| Useful To Me Not Useful To Me | |||
|
bigdragon966
Senior |
19-Mar-2019 16:28
|
||
|
x 0
x 0 Alert Admin |
In the previous arrangement, yuuzoo lent shares to the fund manager about one month before the announcement so that the fund manager could sell them in the market to gain the difference in price. the gainers for such exercise are the fund managers, yuuzoo management. retail share holders are paying. |
||
| Useful To Me Not Useful To Me | |||
|
nqing87
Supreme |
19-Mar-2019 13:23
|
||
|
x 0
x 0 Alert Admin |
This yuuzoo is really determined lol.. they will keep raising cash to keep the company going till share price eventually hit 0 with all the dilution etc.. | ||
| Useful To Me Not Useful To Me | |||
|
Starship
Supreme |
19-Mar-2019 12:14
|
||
|
x 0
x 0 Alert Admin |
Existing shareholders and those tempted to play this counter Beware...............their holdings and share price could well tank each and every time money is received fm 大 耳 窿 ............. Lots of 大 耳 窿 in the US stock markets everyday. Go and check out those shipping stocks, medical marijuana stocks, etc esp those in the OTC Markets that participates in what' s called Death Spiral Financing (search google to understand how this works). Each time the 大 耳 窿 sells the shares and converts the warrants, the stock prices crashes over the cliff. And the next time the company draws more funds, they end up issuing even more stocks than the previous time just to cover the same amount of dollars. And then the company will do a Share Consolidation/Reverse Stock Split to bring up the share price. And the same ugly cycle continues. What a joke......... YNG Corp secures $30 mil capital commitment, but subject to approval 19/03/19, 11:01 am SINGAPORE (Mar 19): YuuZoo Networks Group (YNG) has secured access to a $30 million funding facility from Swiss-based Asia Financial Group (AFG). YNG will be allowed to draw down funds during the three-year term of the agreement by issuing ordinary shares to AFG at a price per share which represents a 7.5% discount on the closing price of YNG shares on the date such drawdown is requested by YNG. The funding facility is subject to approvals by the Singapore Exchange (SGX) and its shareholders at an EGM. It was only on Monday when YNG announced it had been " forced" to close all of its subsidiaries in Singapore, as well as to terminate the employment agreements of all of its Singapore-based companies, including its CEO and executive director Mohandas. Last April, Singapore Exchange Regulation (SGX RegCo) reported YNG to the Commercial Affairs Department of the Singapore Police force for possible breaches of the Securities and Futures Act related to poor corporate governance in the e-commerce company. YNG will control the timing and maximum amount of any drawdown under this facility and has no obligation to draw on the funds on offer. YNG has agreed with AFG on restrictions as comes to AFG&rsquo s possibility to sell shares it has acquired, thus securing an orderly, fair and transparent market. In addition, YNG will also issue 65 million warrants to AFG each carrying the right to subscribe for one new share in the company. The warrants will be issued within 60 days of the company obtaining shareholder approval for the agreement. The warrants will be exercisable for a period of five years from the issue date at an exercise price of 10% above the average market price for the last three days prior to the execution of the agreement. https://www.theedgesingapore.com/yng-corp-secures-30-mil-capital-commitment-subject-approval 
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Eagleman
Member |
19-Mar-2019 11:13
|
||
|
x 0
x 0 Alert Admin |
Should re-list in Hong Kong & delist from SGX | ||
| Useful To Me Not Useful To Me | |||
|
ysh2006
Supreme |
19-Mar-2019 08:59
|
||
|
x 0
x 0 Alert Admin |
Yuuzoo can survive again, why forumers want it to die ? not your money ?
|
||
| Useful To Me Not Useful To Me | |||
|
sheerluck
Supreme |
19-Mar-2019 08:46
Yells: "Work for your money first then let your money work for you" |
||
|
x 0
x 0 Alert Admin |
No wonder they keep wanting SGX to lift suspension. They are doing another GEM style fund raising. This is Yuuzoo real business? Yuuzoo gets money, shareholder pays. |
||
| Useful To Me Not Useful To Me | |||
|
bigdragon966
Senior |
19-Mar-2019 08:45
|
||
|
x 0
x 0 Alert Admin |
issue new shares again? our 1 cent will become 0.5 cent
|
||
| Useful To Me Not Useful To Me | |||
|
Observers
Elite |
19-Mar-2019 08:33
|
||
|
x 0
x 0 Alert Admin |
Mohandas no need to quit already?
|
||
| Useful To Me Not Useful To Me | |||
|
bigdragon966
Senior |
18-Mar-2019 21:36
|
||
|
x 0
x 0 Alert Admin |
|
||
| Useful To Me Not Useful To Me | |||
|
Jamesbond007
Veteran |
18-Mar-2019 21:05
|
||
|
x 0
x 0 Alert Admin |
Wayang show. | ||
| Useful To Me Not Useful To Me | |||
|
nqing87
Supreme |
18-Mar-2019 19:55
|
||
|
x 0
x 0 Alert Admin |
basically yuuzoo wants to resume trading so that they can continue to raise funds with placement etc to continue sucking money from the public.. sgx should not allow it to continue sucking money from retailers, which is what they are doing.. the diehard supporters will continue to hold (just like your sinoG case).. so no point unhalting it to lure new shareholders to take on the shares, who may not know the history behind yuuzoo..
|
||
| Useful To Me Not Useful To Me | |||